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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #69,501
  • Edited 11:02am Mar 18, 2008 10:49am | Edited 11:02am
Quoting $teve
Maybe I'm looking at the wrong thing. But this is what I have on my chart. The last hourly candle for last week closed at 200.81 and new hourly candle that opened this week started at 199.86. If your candle closed at 199.92, then there's not much of a gap.
Steve what's up with the ghost avatar thing? I notice its been going around lately. ForexFactory should have stickied in a noticeable place, the rules and regulations. I may need a refresher course and I can't seem to find the guidelines.
  • #69,502
  • Mar 18, 2008 10:50am Mar 18, 2008 10:50am
Quoting kotaro-san
yes. next hour at .15
cheers
  • #69,503
  • Mar 18, 2008 10:51am Mar 18, 2008 10:51am
Quoting warta
mean within 30 min from now ?
we just moved 600 pips, a small job done
  • #69,504
  • Mar 18, 2008 10:51am Mar 18, 2008 10:51am
Sorry for the dumb question but... Would it be a bad idea to go long at around 4:55 or so given the fact that the rollover is around 13.50, then sell around 5:05? Of course assuming we arent going straight down or anything at the time.
  • #69,505
  • Mar 18, 2008 10:56am Mar 18, 2008 10:56am
Quoting climberguy
Sorry for the dumb question but... Would it be a bad idea to go long at around 4:55 or so given the fact that the rollover is around 13.50, then sell around 5:05? Of course assuming we arent going straight down or anything at the time.
if u observe carefully this bullish move hours ago, u can see how this forex system works.

there's a cycle and period upside down.

price is not allowed to move too excessive

edit:

soros cant no longer short cable like he did before
  • #69,506
  • Mar 18, 2008 10:58am Mar 18, 2008 10:58am
Quoting kotaro-san
if u observe carefully this bullish move hours ago, u can see how this forex system works.

there's a cycle and period upside down.

price is not allowed to move too excessive
I dont see how that relates to my question about getting in and out for the high rollover
  • #69,507
  • Mar 18, 2008 10:58am Mar 18, 2008 10:58am
Quoting forexlion
we just moved 600 pips, a small job done

u think the news wil take the price short or long ? lol
  • #69,508
  • Mar 18, 2008 11:00am Mar 18, 2008 11:00am
Quoting climberguy
I dont see how that relates to my question about getting in and out for the high rollover
if the news bring market down, u still hav the chance to short tomorrow
  • #69,509
  • Mar 18, 2008 11:00am Mar 18, 2008 11:00am
Wwhhatttt ????? Just got back from lunch and the price is already above 199.. geez. Shouldn't close my long earlier
  • #69,510
  • Mar 18, 2008 11:02am Mar 18, 2008 11:02am
Quoting warta
u think the news wil take the price short or long ? lol
well i quit mu longs at 199.92, juwt before target 200

for the next 1 hour i am on the fence flirting.
  • #69,511
  • Mar 18, 2008 11:13am Mar 18, 2008 11:13am
Quoting forexlion
well i quit mu longs at 199.92, juwt before target 200

for the next 1 hour i am on the fence flirting.

lool good idea
  • #69,512
  • Mar 18, 2008 11:18am Mar 18, 2008 11:18am
75 basis points cut
  • #69,513
  • Mar 18, 2008 11:21am Mar 18, 2008 11:21am
Quoting kotaro-san
75 basis points cut

a retrace lol
what the next direction now bull or bear?
  • #69,514
  • Mar 18, 2008 11:21am Mar 18, 2008 11:21am
wow that was the fastest and hard drop as 1 hour macd had forecast
  • #69,515
  • Mar 18, 2008 11:23am Mar 18, 2008 11:23am
cya tomorrow guys, i will let the dust settle first before planning my next trade.

i close yet another day in net profits
  • #69,516
  • Mar 18, 2008 11:23am Mar 18, 2008 11:23am
Quoting forexlion
wow that was the fastest and hard drop as 1 hour macd had forecast
what the next direciotion now up or down dam am confused or maybe my system freezing
  • #69,517
  • Mar 18, 2008 11:23am Mar 18, 2008 11:23am
My guess is the bulls stage a rally into the close.

Then down tomorrow?
  • #69,518
  • Mar 18, 2008 11:23am Mar 18, 2008 11:23am
Quoting warta
a retrace lol
what the next direction now bull or bear?
the cut is as expected. maybe short again to open back the gap.. lol
  • #69,519
  • Mar 18, 2008 11:25am Mar 18, 2008 11:25am
Hey everybody how's it goin? I'm planning on jumping back into the belly of the beast once PA shows me a way so I'm on the sidelines until the next 4 hour bar comes out. Right now, we're in the middle of some monster choppiness so I'm not sure what to make out of it at the moment. Look back on the weekly charts and you'll see that price was around this area for quite some time a while back. Anybody have any thoughts on it?

Here's a 4 hour chart of it. If we would get a pin bar at this level, those red lines act as basic resistance. With that, I would plan on taking a small short position. If we don't see a pin bar, then I got nothin lol Hope everybody's trading is going good!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy 4 hour at resistance.gif Size: 10 KB
I dream, therefore I become.
  • #69,520
  • Mar 18, 2008 11:27am Mar 18, 2008 11:27am
I love this game, shorted @ 199.27 ;-)
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